3 ms·

Startups should not create new markets. Too risky. Do what amazon/google does, just with a twist. You dig where the gold is.

• lmeyerov 7y ago
  That's sad and I disagree - category creation is amazing. Though indeed, I've observed that almost all VC's are indeed against this until it's been handed to them on a silver platter, despite what they may believe about themselves and their firms. So the tricky part is how to fund it over time :)
  • chrisgarand 7y ago
    They're people as well, the good ones use it as a way to test the conviction of the founding team. If they can't take a few verbal licks, why would they be able to acquire enough customers to gain traction? Not a perfect test, but it has proven to be a workable process where the ones with the most conviction always get _something_. Sometimes it's too late, and sometimes it doesn't work out. That's life.
    • lmeyerov 7y ago
      Yes, I agree -- many like to believe they are into deep tech and category creation, but even of those, most punt until a lot has been derisked. For deep tech / category creation, by the time the risk is gone, you are into growth phase. Someone like Lux Capital is on a very short list of exceptions.
  • streetcat1 7y ago
    So do category creation. Just be in the same categories that are being created by the big 4.